Project Valuation Using Real Options: A Practitioner’s Guide
| By: | Prasad Kodukula |
| Publisher: | J. Ross Publishing |
| Print ISBN: | 9781932159431 |
| eText ISBN: | 9781604277098 |
| Edition: | 1 |
| Copyright: | 2006 |
| Format: | Page Fidelity |
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Whereas the traditional decision tools such as discounted cash flow/net present value (DCF/NPV) analysis assume a “fixed” path ahead, real options analysis offers more flexible strategies. Considered one of the greatest innovations of modern finance, the real options approach is based on Nobel-prize winning work by three MIT economists, Fischer Black, Robert Merton, and Myron Scholes.